Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

O’Reilly Automotive Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017
Cash and cash equivalents	67,060)	253,904)	191,546)	362,113)	449,302)	631,618)	610,880)	465,640)	1,627,098)	872,423)	287,067)	40,406)	42,804)	55,809)	56,717)	31,315)	40,019)	36,868)	38,525)	46,348)	37,287)	26,528)	27,539)
Accounts receivable, net	338,122)	330,672)	305,358)	272,562)	282,883)	273,148)	265,914)	229,679)	243,192)	243,660)	221,167)	214,915)	224,033)	262,227)	250,680)	192,026)	242,692)	241,142)	224,386)	216,251)	219,631)	203,673)	195,651)
Amounts receivable from suppliers	135,584)	123,112)	99,016)	113,112)	110,882)	113,174)	114,697)	100,615)	90,341)	86,513)	83,446)	79,492)	76,107)	77,750)	66,452)	78,155)	83,237)	78,950)	78,232)	76,236)	79,491)	61,876)	71,157)
Inventory	4,137,945)	4,005,384)	3,845,881)	3,686,383)	3,646,988)	3,647,413)	3,622,201)	3,653,195)	3,527,495)	3,528,683)	3,556,723)	3,454,092)	3,348,631)	3,262,426)	3,228,901)	3,193,344)	3,139,621)	3,091,719)	3,052,748)	3,009,800)	2,987,592)	2,959,315)	2,872,646)
Other current assets	82,045)	86,800)	81,580)	70,092)	72,154)	72,994)	73,947)	50,658)	45,315)	53,206)	53,397)	44,757)	32,914)	42,361)	46,896)	48,262)	54,462)	52,038)	52,520)	49,037)	34,480)	38,197)	38,540)
Current assets	4,760,756)	4,799,872)	4,523,381)	4,504,262)	4,562,209)	4,738,347)	4,687,639)	4,499,787)	5,533,441)	4,784,485)	4,201,800)	3,833,662)	3,724,489)	3,700,573)	3,649,646)	3,543,102)	3,560,031)	3,500,717)	3,446,411)	3,397,672)	3,358,481)	3,289,589)	3,205,533)
Property and equipment, at cost	7,291,681)	7,160,583)	7,046,707)	6,948,038)	6,874,639)	6,767,596)	6,651,068)	6,559,911)	6,497,065)	6,403,936)	6,314,339)	6,191,427)	6,053,306)	5,885,507)	5,761,729)	5,645,552)	5,512,325)	5,384,634)	5,292,431)	5,191,135)	5,114,804)	5,035,242)	4,935,126)
Accumulated depreciation and amortization	(2,947,861)	(2,878,170)	(2,810,080)	(2,734,523)	(2,672,954)	(2,603,442)	(2,538,171)	(2,464,993)	(2,424,168)	(2,365,453)	(2,305,695)	(2,243,224)	(2,182,599)	(2,131,156)	(2,085,019)	(2,058,550)	(2,010,392)	(1,949,750)	(1,902,668)	(1,847,329)	(1,822,123)	(1,805,844)	(1,760,476)
Net property and equipment	4,343,820)	4,282,413)	4,236,627)	4,213,515)	4,201,685)	4,164,154)	4,112,897)	4,094,918)	4,072,897)	4,038,483)	4,008,644)	3,948,203)	3,870,707)	3,754,351)	3,676,710)	3,587,002)	3,501,933)	3,434,884)	3,389,763)	3,343,806)	3,292,681)	3,229,398)	3,174,650)
Operating lease, right-of-use assets	2,109,581)	1,965,941)	1,976,018)	1,982,478)	2,011,115)	2,028,329)	2,041,096)	1,995,127)	1,913,897)	1,926,270)	1,935,295)	1,928,369)	1,908,931)	1,895,099)	1,886,364)	—)	—)	—)	—)	—)	—)	—)	—)
Goodwill	881,102)	881,299)	881,773)	879,340)	878,872)	881,207)	879,466)	881,030)	873,717)	872,997)	910,141)	936,814)	808,259)	808,391)	808,717)	807,260)	789,178)	789,104)	789,104)	789,058)	787,210)	786,938)	785,568)
Other assets, net	142,769)	138,164)	142,590)	139,112)	135,504)	137,296)	129,789)	125,780)	109,999)	106,300)	52,982)	70,112)	60,338)	43,529)	40,125)	43,425)	43,572)	42,035)	41,379)	41,349)	40,956)	39,773)	37,973)
Noncurrent assets	7,477,272)	7,267,817)	7,237,008)	7,214,445)	7,227,176)	7,210,986)	7,163,248)	7,096,855)	6,970,510)	6,944,050)	6,907,062)	6,883,498)	6,648,235)	6,501,370)	6,411,916)	4,437,687)	4,334,683)	4,266,023)	4,220,246)	4,174,213)	4,120,847)	4,056,109)	3,998,191)
Total assets	12,238,028)	12,067,689)	11,760,389)	11,718,707)	11,789,385)	11,949,333)	11,850,887)	11,596,642)	12,503,951)	11,728,535)	11,108,862)	10,717,160)	10,372,724)	10,201,943)	10,061,562)	7,980,789)	7,894,714)	7,766,740)	7,666,657)	7,571,885)	7,479,328)	7,345,698)	7,203,724)

The financial data reveals several important trends in the company's quarterly performance and asset structure over the analyzed periods.

Cash and Cash Equivalents: The cash balance experienced a significant increase starting in the first quarter of 2020, peaking in September 2020 before declining sharply throughout 2021 and into 2022. This sharp rise and subsequent decrease signal likely strategic cash management activity or substantial cash inflows followed by major outlays or investments.
Accounts Receivable, Net: Accounts receivable exhibit an overall upward trend with fluctuations, increasing from approximately 195 million in early 2017 to over 338 million by late 2022. The rising trend reflects higher sales on credit or growth in revenue, with slight decreases observed at certain intervals such as the end of 2020 and mid-2021, possibly related to changes in sales cycles or credit policies.
Amounts Receivable from Suppliers: Amounts receivable from suppliers demonstrated a generally increasing pattern, growing from about 71 million in early 2017 to reaching 135 million by the third quarter of 2022. The growth suggests an expansion in intercompany transactions or credits due from suppliers over time.
Inventory: Inventory levels steadily rose throughout the period, starting at around 2.87 billion in the first quarter of 2017 and climbing consistently to over 4.13 billion in the third quarter of 2022. This continuous build-up indicates ongoing stock accumulation, potentially reflecting business expansion or increased demand forecast.
Other Current Assets: Other current assets fluctuated but generally showed growth from about 38.5 million in early 2017 to a level around 82 million in late 2022, albeit with intermittent declines. Notably, significant increases are observed at the end of 2019 and mid-2022, reflecting possibly changes in prepaid expenses or other short-term receivables.
Current Assets: Current assets overall increased moderately, rising from nearly 3.21 billion in early 2017 to a peak exceeding 5.53 billion in late 2020, followed by a decline and stabilization around 4.7 to 4.8 billion in 2022. The peak coincides with the cash surge period, indicating temporary asset inflation likely driven by cash holdings.
Property and Equipment, at Cost: Property and equipment at cost show a steady increase over time, from approximately 4.94 billion in early 2017 to roughly 7.29 billion by late 2022. This consistent addition implies ongoing capital investments in fixed assets.
Accumulated Depreciation and Amortization: Accumulated depreciation has grown incrementally each quarter, reaching close to -2.95 billion by the third quarter of 2022. The steady increase aligns with aging assets and continuous depreciation charges reflecting ongoing asset use.
Net Property and Equipment: Net property and equipment increased over time, from around 3.17 billion in early 2017 to approximately 4.34 billion in late 2022. The steady growth in net asset value indicates sustained investment in property and equipment exceeding depreciation, supporting business capacity expansion.
Operating Lease, Right-of-Use Assets: Data for right-of-use assets begins in late 2018, showing relatively stable values around 1.9 to 2.1 billion through 2022. Minor fluctuations suggest ongoing lease arrangements with stable valuations in this asset category.
Goodwill: Goodwill remained relatively stable from 2017 through 2019, hovering around 785 to 810 million. A significant increase is noted at the end of 2019 reaching over 936 million, then slightly decreasing and stabilizing just below 880 million through 2022, indicating some impairment or revaluation events post 2019.
Other Assets, Net: Other noncurrent assets show an upward trajectory with some variability, rising from approximately 38 million in early 2017 to about 143 million in late 2022. Spikes are observed in 2020, possibly linked to adjustments or acquisitions of non-current assets.
Noncurrent Assets: Noncurrent assets increased steadily from roughly 4 billion in early 2017 to nearly 7.48 billion in late 2022. A notable jump occurs in the early 2019 period, likely reflecting asset revaluation or acquisition activity.
Total Assets: Total assets show growth from approximately 7.2 billion in early 2017 to over 12.2 billion by late 2022, evidencing a substantial increase in the company’s asset base. Sharp increases are particularly visible in early 2019 and into 2020, corresponding with the increases in cash, goodwill, and fixed assets, though a temporary decline is observed in 2020 before resuming upward trend.

Overall, the data presents a company in a growth phase characterized by rising asset values across current and noncurrent categories, substantial capital investments, and significant fluctuations in cash holdings that suggest liquidity management or responses to market conditions. The increase in accounts receivable, inventory, and property and equipment points to expanding operations, while the stability in goodwill and increasing other assets reflect ongoing acquisitions or asset enhancements. The financial structure shows resilience with asset growth over time despite some periods of volatility.

Assets: Selected Items

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Current Assets: Selected Items

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O’Reilly Automotive Inc. (NASDAQ:ORLY)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data